West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-02-03
COMMERCIAL.
THE TRApE REVIEW.
Duns summary OF the Condition OF
business throughout tho
Country

The strength OF the mRket is noteworthy
In view OF labor troubles, which have AZ,
fected the weeks business moro than many
realize. Strikes OF coal,handlers and long
shoremen here effect not only the coal trade,
but exports OF grain, provisions and cotton.
The MASSACHUSETTS, movement for free
shops having nearly stopped boot and shoe
manufacture In important localities affects
that business and tho leather trade. Actual
and threatened strikes OF carpet weavers af>
feet the wool trade Speculation has Jagged.
Wheat, after advancing to 94 cents, weak
ened because exports were checked, and
closed as week ago, with corn q shade
lower and oats a shade higher. Cotton,
cVffee, sugar and pork products are un~
chapgei, oil cent lower and cattle little
lower
Receipts OF Texas meat In London call at
ten'ion to the growing dressed meat TRAILS.
In 1893 shipments OF cattle 60 New York aud
New England were 40S, 600 tons, and OF
dressed beef 1888 900 tons. In 1880 cattle ship
ments were only $50 600, whilo dressed beef
Hhipments were 223 900 tons. The New York
average price of cattle for 1896 was one hall
cent lower than for 1885, and probably Thu
lowest yearly average for twenty-five Year,.
The butter trade is also dult and values uu~
certain; in tobacco there is no Improvement,
and last years average for wheat was about
the lowest on record at New York, as In
Great Britain.
Dry goods tend upward at present, print
cloths and many varieties OF brown, bleach~
oil and printed cottons having advanced dur
ing the week with active trade. woolens fail
TO advance in spite OF higher foreign prices for
wool, yarns and goods and higher prices for
wool here, goods generally open at last years
prices, with cheviots RboutS per cent, lower,
and worsteds offered with hesitation.
Iron continues % strengthened The specu-
lative fever fills Southern papers with notices
OF new corporations and conservative journals
utter warnings. No important financial ao>
tion by Congress Is now expected, and rail-
road Presidents have been convened by Mr..
Fink TO consider the Interstate bill, the
signing OF which Is deemed certain.
Tho business failures during the last seven
days number fer the United States 238, for
Canada, 30, total 27l, against $40 last week
323 the week previous aud $50 for tho CORES
ponding week OF 1885, the bulk being rep)rtei
from the Western aud Pacific and Southern
States.
The great bu iness boom In the South and
Southwest continues without abatement and
the furor for improvement and development
seems TO be spreading in all directions. Tho
Industrial Gdsotte In it's week y summary OF
now enterprises notes the inc )rporation az
Louisville, Ky, OF the Kentucky g. Arkans
sas lani anj Industrial Company, capital
stock $500 900. The Chattanooga Steam
Forge Company, the largest in the sou h has
purchose1 site in Chattanooga and will
erect mammoti buildings for their machinery
at once. Laredo, Tex is to have large smelt-
ing work, aud Sal Antonio large rsfrig-
orator. a fine vein OF coal has been disc)v-
cred at Lamps Tex, and will b, developed
at once. A large bsd OF iron ore has been
discovered in Sebastian county Ark, near
Fort Smith.